LIEOS: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
LIEOS
Largest movements
- Cash +€129,970
up €129,970 (+258.0%), from €50,374 to €180,344
mainly Net result for the year (+€132,199) and Tax, wage and social debts (+€42,145)
- Tangible fixed assets +€38,228
up €38,228 (+1374.8%), from €2,781 to €41,009
of which Other tangible fixed assets: +€27,706
- Receivables within one year +€16,252
up €16,252 (+19.2%), from €84,740 to €100,992
of which Other amounts receivable: +€17,944
- Reserves +€232,100
new in 2025: €232,100
of which Distributable reserves: +€190,000
- Profit (loss) carried forward -€99,901
down €99,901 (-96.8%), from €103,237 to €3,336
- Tax, wage and social debts +€42,145
up €42,145 (+120.2%), from €35,068 to €77,213
- Other debts +€10,000
new in 2025: €10,000
- Gross operating margin +€46,683
up €46,683 (+35.5%), from €131,534 to €178,216
- Taxes +€13,260
up €13,260 (+50.7%), from €26,160 to €39,420
- Depreciation +€4,579
up €4,579 (+460.8%), from €994 to €5,572
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €145,587 | €328,268 | +€182,681 | +125.5% |
| Fixed assets | 21/28 | €3,112 | €41,009 | +€37,897 | +1217.9% |
| Intangible fixed assets | 21 | €331 | - | -€331 | |
| Tangible fixed assets | 22/27 | €2,781 | €41,009 | +€38,228 | +1374.8% |
| Furniture and vehicles | 24 | - | €10,522 | +€10,522 | |
| Other tangible fixed assets | 26 | €2,781 | €30,487 | +€27,706 | +996.4% |
| Current assets | 29/58 | €142,475 | €287,259 | +€144,784 | +101.6% |
| Amounts receivable within one year | 40/41 | €84,740 | €100,992 | +€16,252 | +19.2% |
| Trade receivables | 40 | €82,956 | €81,264 | -€1,692 | -2.0% |
| Other amounts receivable | 41 | €1,784 | €19,728 | +€17,944 | +1005.8% |
| Cash at bank and in hand | 54/58 | €50,374 | €180,344 | +€129,970 | +258.0% |
| Deferred charges and accrued income | 490/1 | €7,361 | €5,923 | -€1,438 | -19.5% |
| Total equity and liabilities | 10/49 | €145,587 | €328,268 | +€182,681 | +125.5% |
| Equity | 10/15 | €105,237 | €237,436 | +€132,199 | +125.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €232,100 | +€232,100 | |
| Tax-exempt reserves | 132 | - | €42,100 | +€42,100 | |
| Distributable reserves | 133 | - | €190,000 | +€190,000 | |
| Profit (loss) carried forward | 14 | €103,237 | €3,336 | -€99,901 | -96.8% |
| Amounts payable | 17/49 | €40,350 | €90,832 | +€50,482 | +125.1% |
| Amounts payable within one year | 42/48 | €40,350 | €90,832 | +€50,482 | +125.1% |
| Trade debts | 44 | €5,281 | €3,619 | -€1,662 | -31.5% |
| Suppliers | 440/4 | €5,281 | €3,619 | -€1,662 | -31.5% |
| Taxes, remuneration and social security | 45 | €35,068 | €77,213 | +€42,145 | +120.2% |
| Taxes | 450/3 | €35,068 | €77,213 | +€42,145 | +120.2% |
| Other amounts payable | 47/48 | - | €10,000 | +€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €994 | €5,572 | +€4,579 | +460.8% |
| Other operating charges | 640/8 | €118 | €108 | -€10 | -8.8% |
| Gross operating margin | 9900 | €131,534 | €178,216 | +€46,683 | +35.5% |
| Operating profit (loss) | 9901 | €130,422 | €172,536 | +€42,115 | +32.3% |
| Financial income | 75/76B | €54 | €583 | +€529 | +978.3% |
| Recurring financial income | 75 | €54 | €583 | +€529 | +978.3% |
| Financial charges | 65/66B | €1,079 | €1,500 | +€422 | +39.1% |
| Recurring financial charges | 65 | €1,079 | €1,500 | +€422 | +39.1% |
| Profit (loss) for the period before taxes | 9903 | €129,397 | €171,619 | +€42,222 | +32.6% |
| Income taxes | 67/77 | €26,160 | €39,420 | +€13,260 | +50.7% |
| Profit (loss) for the period | 9904 | €103,237 | €132,199 | +€28,961 | +28.1% |
| Transfer to tax-exempt reserves | 689 | - | €42,100 | +€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €103,237 | €90,099 | -€13,139 | -12.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.